That’s about as detailed as Porsche’s chief executive is willing to get about their plans to take over VW. Like a complex game of chess, Porsche is making all the right moves as a lead-up to takeover VW including plans to issue share to raise capital. Porsche is looking at offering 8.75 million new shares, which would give it a large enough war chest to buy the world’s fourth largest carmaker. In recent statements made to BusinessWeek, Weideking stated that Porsche’s members on the VW board planned to be “very active” and that he thought “if anybody can stand up to Toyota, it is Volkswagen.”
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